Coinspeaker
Solana Meme Coin Pudgy Penguins (PENGU) Worth Eyes for One other 50% Surge
Amid a robust crypto market rally, Solana meme coin Pudgy Penguins
PENGU
$0.0381
24h volatility:
12.0%
Market cap:
$2.40 B
Vol. 24h:
$1.31 B
has witnessed a large surge gaining 12% and surging all the way in which to $0.40 earlier right this moment. This comes amid a robust bullish uptrend in Solana meme cash as PENGU, BONK
BONK
$0.000032
24h volatility:
9.8%
Market cap:
$2.44 B
Vol. 24h:
$411.53 M
, and ai16z battle for the highest spot right this moment. Crypto market analysts consider that the current breakout might set the stage for a PENGU value rally to its all-time excessive of $0.55 with one other 50% positive factors from the present value of $0.37.
Within the final 24 hours, the every day buying and selling quantity for PENGU has surged by a large 60% to $1.39 billion. Thus, the surge in asset value supported by robust buying and selling quantity hints on the continuation of a bullish momentum forward. Moreover, as per the CoinGlass information, the PENGU open curiosity has surged 20% all the way in which to $222 million hinting at robust shopping for curiosity.
Moreover, the Superior Oscillator readings for the Solana meme coin help a bullish outlook on the four-hour chart. On the time of writing, the momentum indicator exhibits a inexperienced histogram bar with a worth of 0.0039.
The Superior Oscillator compares the present market momentum to a longer-term development, serving to to identify potential shifts. Inexperienced histogram bars and constructive values point out robust momentum and rising bullish sentiment, as proven within the under picture.
Supply: TradingView
Will PENGU Worth Rally to $0.55?
Sonala meme coin Pudgy Penguin (PENGU) is prone to preserve its upward trajectory if market individuals proceed seizing the shopping for alternative to build up the altcoin. Amid the continued shopping for stress, PENGU might simply surge previous the resistance of $0.039, concentrating on its subsequent cease to $0.044. A profitable breakout from right here might additional push PENGU in the direction of revisiting its all-time excessive of $0.055.
Courtesy: TradingView
Conversely, if the market experiences a resurgence of selloffs, this bullish outlook could possibly be invalidated. In such a case, the PENGU token value might fall to $0.035.
The PENGU value has skilled robust volatility over the previous week together with robust whale accumulation. With a market cap of over $2.5 billion, it additionally ranks among the many high three Solana meme cash, competing with the likes of BONK and ai16z. It is a staggering milestone contemplating its launch simply 15 days again. Inside a really brief time interval, the PENGU value is already up by almost 650%.
Solana Meme Coin Pudgy Penguins (PENGU) Worth Eyes for One other 50% Surge
